iShares Canadian Select Dividend Index ETF Forecast
iShares Canadian Select Dividend Index ETF price up 0.187% on Wednesday
(Updated on May 01, 2024)
The iShares Canadian Select Dividend Index ETF price gained 0.187% on the last trading day (Wednesday, 1st May 2024), rising from $26.75 to $26.80. During the last trading day the ETF fluctuated 1.16% from a day low at $26.65 to a day high of $26.96. The price has risen in 6 of the last 10 days and is up by 1.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 76 thousand shares were bought and sold for approximately $2.04 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect iShares Canadian Select Dividend Index ETF with a 90% probability to be traded between $25.84 and $27.13 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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XDV.TO Signals & Forecast
There are mixed signals in the ETF today. The iShares Canadian Select Dividend Index ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $26.85 and $27.21. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.17%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for iShares Canadian Select Dividend Index ETF
iShares Canadian Select Dividend Index finds support from accumulated volume at $26.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.310 between high and low, or 1.16%. For the last week the ETF has had daily average volatility of 0.720%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XDV.TO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect iShares Canadian Select Dividend Index ETF to open at $26.80, and during the day (based on 14 day Average True Range), to move between $26.57 and $27.03, which gives a possible trading interval of +/-$0.230 (+/-0.86%) up or down from last closing price. If iShares Canadian Select Dividend Index ETF takes out the full calculated possible swing range there will be an estimated 1.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.75 (0.19%) than the resistance at $27.47 (2.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is iShares Canadian Select Dividend Index ETF ETF A Buy?
iShares Canadian Select Dividend Index holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.327 Sell Candidate Unchanged
Predicted Opening Price for iShares Canadian Select Dividend Index ETF of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $26.80 ( 0.0124%) | $26.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XDV.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.11 | 1.17 % | |
| R2 | 26.99 | 0.727 % | ||
| R1 | 26.92 | 0.454 % | ||
| Current price: | 26.80 | |||
| Support | S1 | 26.68 | -0.429 % | |
| S2 | 26.61 | -0.702 % | ||
| S3 | 26.49 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.49 | 2.57 % | |
| R2 | 27.48 | 2.54 % | ||
| R1 | 27.47 | 2.50 % | ||
| Current price | 26.80 | |||
| Support | S1 | 26.75 | -0.187% | |
| S2 | 26.71 | -0.336% | ||
| S3 | 26.49 | -1.16% |
XDV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | Apr 30, 2024 | $0.113 | 0.422% |
| 2 | Mar 22, 2024 | Mar 22, 2024 | Mar 28, 2024 | $0.120 | 0.432% |
| 3 | Feb 23, 2024 | Feb 23, 2024 | Feb 29, 2024 | $0.120 | 0.439% |
| 4 | Jan 25, 2024 | Jan 25, 2024 | Jan 31, 2024 | $0.120 | 0.436% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.115 | 0.418% |
FAQ
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